According to Whale Wisdom, 1,481 funds either reduced or closed their Apple position in calendar Q3 2018.
Here’s how Apple’s shares performed in calendar Q3:
Click to enlarge.
Here, from 10,000 feet, is what the funds did in calendar Q3 (from SEC Forms `13f):
Click to enlarge.
What have the funds been doing during this quarter’s Apple sell-off? We won’t find out until February 15, 2019, 45 days after the quarter’s end.
My take: These fund managers risk becoming a contrary indicator for Apple. More to come when I dig into the positions of individual funds.
CORRECTION: An earlier version of this story had a math error. 1,481 is the correct total for funds that reduced or closed their Apple position in Q3.
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